The Hidden Costs of Attending a Wedding

wedding-322034_640I actually love weddings. Maybe I’m saying this as I have been fortunate to have been spared from attending too many, and the ones that I have attended really were for the best of friends and family, the ones where you’re genuinely excited for the couple. It’s no secret though that attending a wedding can be expensive. The amount is exponentially higher if you’re standing in the wedding party.

This past weekend we attended the wedding of one of my best friends, who also happens to be my sister-in-law. Our daughter was the flower girl but neither my husband nor I was standing in the wedding, something that was fine by the both of us. When the engagement happened, we were asked if our daughter could stand as flower girl, and, realizing neither of us would be on the hook for wedding party costs, I did a quick budget in my head.

The flower girl outfit wouldn’t be much. In the end, her shoes, which I paid $18.00 were the most expensive part of her outfit. A combination of frugality and sheer craftsmanship by my sister-in-law kept costs down. The fact that I was able to get away with spending less than $30 on her was pretty fantastic in my mind. Where I seriously underestimated in terms of cost though? Hair. Our daughter is four and initially I thought I may do something in terms of her hair but as the wedding day approached us, and I realized the extent of my involvement for the day (I helped with driving people around and was the flower girls chauffeur for pictures), I knew I would need help.

I called around about getting her in somewhere to have a simple up-do done. The cheapest place I could find, started at $25, money well spent in my mind. Well I guess her up-do was a bit more complicated? (I never did get an explanation) but with proper tip I ended up paying $46.00, a bit more than I would have liked.

Me, being seven months pregnant required a proper maternity style dress; thankfully I found a great dress for a great price online which worked well. No complaints. The only issue I didn’t consider until 7pm the night before the wedding was the fact that I didn’t have any appropriate underwear to wear under the dress (an issue the ladies will sympathize with and men will probably not understand). I didn’t need anything fancy but I did need something that wouldn’t show through the cream color dress and that I wouldn’t be uncomfortable in all night. My last minute mistake, resulting in going to the only store that was open close to my house cost me an additional $15 (and I don’t even like them).

In the chaos that was leading up to the wedding, I also didn’t consider how much extra gas we would need (we helped with much running around) and, how much money would be spent on cabs. The day of the wedding I left the reception early with the flower girl (who lasted until 10pm) so that meant my husband would be cabbing it back to the hotel which, per the family’s request, we rented even though the wedding was in the same town we live in. People were coming from away and they wanted as many people together that night (i.e. after party…) and the next morning for breakfast and goodbye’s.  A total of $200 more that wasn’t in my first mental budget.

Another added, but arguably unnecessary cost to some, was that we (my husband) took on the task of making sure the groom had a bachelor party. The bachelorette party, something I did partake in, was pretty cheap given her choice of activities and the fact that I was pregnant. I left home with $40 and came home with change. The groom however didn’t have one planned as his groomsmen were located as far as the UK (where he’s from) to the other side of the country. The groom is one of my husband’s best friends though so he did what he could with the mutual friends they had here and threw a little to-do for him. It wasn’t anything over the top but did cost some money. Money that I think the groom much appreciated come the end of his party.

The only budgeted amount that stayed the same was the wedding gift since I had full control and didn’t budge. In the end when all the hidden and overthought wedding costs were finalized we spent close to $350 more than originally anticipated, proving that small costs really do add up.

When was the last time you busted your budget attending an event?

How Riots Affect the Economy

How Riots Affect the Economy

Image courtesy of WND

When news came in last night about the rioting happening in Charlotte, N.C. I was astounded. The place I was born and call home was being torn down by looters and fires being set. It was heart-wrenching to watch and terrifying to see people becoming violent in the streets of a city I have grown to love.

This posting doesn’t aim to incite some kind of comment war, nor is it aiming to make any political point. The fact of the matter is when people riot it affects everyone in ways that are both seen and unseen. The visible ways are along the lines of the damages being caused by riots as well as the general rise in angst between people. What many people don’t see, or think about, are the long lasting effects that rioting has, especially on the economy.

How Riots Affect the Economy

Sometimes riots happen. While many people believe that there are better ways to deal with certain problems there are times where political and racial tensions climb so high that people lash out violently. Until recent years, rioting was not an issue in the United States, however, with political and racial issues escalating more riots have been incited. These riots affect the cities they happen in and the economy as a whole. Here’s how:

People will stop visiting your city for a while. There are studies that suggest the riots in Los Angeles in 1992 cost the city nearly $4 billion in taxable sales and more than $125 million in direct sales tax revenue. Not to mention there was about $1 billion in property damage and lives lost.

Somebody has to pay for it. If you aren’t paying for it immediately, you will be paying for it eventually. When the Los Angeles riots happened in 1992 and the city lost all of that revenue and accrued damages at the same time, taxes went up for citizens of LA. However, Los Angeles hasn’t been the only large-scale riot that has happened.

Other Historical Riots and Costs

There have been numerous other large-scale riots in the United States that have cost the U.S. dearly. According to CNBC, the blackout in New York City in July 1977 was another huge riot that cost the city and the country millions. The blackout occurred and was followed by a riot, mass arson and looting. It cost the city close to $300 million in damage and loss.

In 2001, there was a huge riot in Cincinnati. It was the largest riot since the 1992 LA riots. It was a reaction to the fatal police shooting of 19-year-old Timothy Thomas. After three nights, the rioting ceased. The damages totaled to about $3.6 million.

Even more recently, in 2015, rioting in Baltimore cost the city $20 million. Baltimore citizens were rioting in reaction to the death of Freddie Gray while in police custody. The $20 million it cost for the city to restore itself did not include any damages to private businesses.

The Aftermath of a Riot

When discussing the aftermath of a riot you can’t skip talking about the sense of calm that is restored after a riot. Although the problem isn’t likely solved, people feel a little better for the time being. Many people talk about the physical damages but they skip the economical damages of a riot.

There are damages to property and damages made to the economy when a riot is incited. Damages must be paid for and fixed. Many small business owners who are looted must pay for their own repairs or pay a higher insurance premium because of the riots. Some small business owners are forced to close their doors because they are unable to pay for the repairs and lost product that the riot caused.

Rioting causes nervous investors and tourists. If a company is looking to come to your city they may change their mind due to rioting. Likewise, tourists will stop visiting your city if a riot is started there. People don’t want to invest time or money in a place that does not seem consistent or safe.

How Charlotte Will Be Affected

The bad news for Charlotte is that the city has already lost a significant amount of revenue due to the HB2 bill. Many businesses have pulled out of Charlotte or decided not to open up in Charlotte due to that bill. Now, because of the riots occurring in the city, Charlotte will likely see even more decline in revenue for the city.

Local businesses opened up this morning and cleaned up any damages made by rioters last night and were able to recover. If the riots continue, however, Charlotte’s economy could take YEARS to recover.

What do you think about the rioting in Charlotte and the affects it will have? 

3 Household Items You Can Probably Cut Out (or Easily Substitute)

Source: Flickr

Source: Flickr

Running a house is certainly expensive and there are many products out there trying to prove their necessity for you running your home efficiently but the reality is that you probably don’t need them.

Disposable Paper Products

When I’m shopping at Costco and see carts full of paper towel and napkins I have to wonder what family could possibly need that much disposable paper product. I admit that I used to use paper towel for everything, and growing up, our house always had napkins on the table but when I started buying my own household goods I realized not only how expensive it was, but also how wasteful. I think it started more out of necessity (trying to save money) than being conservative, but after a few weeks of not buying paper towels with our grocery order I realized how unnecessary they were.

I dedicated a few old kitchen towels to use while cleaning and we started using reusable napkins while eating. I noticed that there were very few times I missed using disposable paper. I keep a roll of paper towel on hand mostly for cat messes, when my cat has an accident or vomits, I prefer to use paper towel to clean up and throw in garbage rather than rinsing out and washing a reusable cloth. As well, if we have a large function (like my sister-in-law’s upcoming wedding) we’ll buy disposable products but for day-to-day usage it’s an easy item to swap out.

Disposable Diapers

Obviously this only applies to homes with young infants but needs to be mentioned. This is also something I admit to being guilty for (using disposable) but am in complete favor of cloth diapering. Though the initial cost can be quite high, in the end cloth diapers are significantly cheaper and hold a decent resale value (look around for used first, if considering). With our daughter we received enough disposable diapers as gifts though that I didn’t buy a pack of diapers for a full 12 months, it was kind of glorious. The other reason we opted not to cloth diaper was that when calling around to various daycare places before we had her placed somewhere, a lot of places preferred to not use the cloth and asked if while the child was there, they could be sent with disposables so it didn’t make sense for us however I still think cloth diapering trumps disposable in both cost and, certainly, waste.

Household Cleaners

Though my husband hates when I clean with vinegar (a smell he cannot stand) it’s too cheap and effective not to use. There are very few areas in my house that I can’t clean with some combination of vinegar, water, basic dishsoap or baking soda (here’s a good list of DIY cleaners). I do admit that I usually do have Windex on hand as well for windows and glass tables (the vinegar and water just won’t get streak-free to my satisfaction with greasy toddler fingerprints) but a regular sized bottle of such will last me seemingly forever.

Given that there are entire sections in grocery stores dedicated to nothing but cleaning products you don’t need basically any of it. When we first bought our house I remember going out and spending close to $10 for a cleaner that was dedicated to nothing but cleaning the top of our glass stove. I used it once, realized it was nothing but an abrasive scrub (food loves to stick to glass stoves) and that a water and baking soda paste worked just as good. Though I’m not a super health nut or anything, using a bunch of chemicals around surfaces my family lives and eats (especially things like highchairs) simply doesn’t appeal to me, nor does paying premium prices for pre-made, pre-packed, chemical free goods from the stores.

What a family will need varies between each house, but I do think in general we’re too quick to do the easiest thing possible- like buy special cleaner for your table to point, spray and wipe with paper towel, rather than wiping it off with a disposable cloth with warm soap and water which then may mean an extra laundry item- but honesty it takes no extra effort, and can make a huge difference in both finances and overall waste, so try it!

What household items do you commonly save on?

How to Compose a Proper Business Plan

laptop-762548_640When you want to start a business, then you need to have a plan to follow. This is a big consideration since you want to make sure that you’re making the best decision possible for you and your company. Through the use of this information and plan, you can ensure that your business is ready to go and thoroughly thought through when the time comes. First things first, though – apply for an EIN.

Get More Out of This Business Plan Map

When you go through the business plan map, you will find that you’re provided with the necessary tools to proceed with the business that you want to have.

You need to list out your vision and mission as a company, what you want out of the company, what you’re going to do, who you’re going to appeal to, how much you want to spend on boosting the company, the marketing plan and any other essentials. This plan is an overall idea written down on paper throughout a bunch of plans that are then handed to those that you’re going to be working with. This can be anyone from the bank that you need to have lend you money to partners you might want to work with.

For more help and information about composing a proper business plan, speak with others that have to do this same process or who already have. For those wondering, you can apply online for EIN. Through the use of a small business tax forum, you can meet other small business owners just like you that want to know more about the taxes, business needs and other essentials needed for starting their own business.

File to start your own business today and make the most of the company that you now own. You can find out just how great it can be to be your own boss and make sure to make your own moves. Start today by inquiring at IRS-EIN-TAX-ID.com.

Reduce The Cost of Your Masters Degree by Studying Online

backpack-1149544_640Student debt is one of the most debilitating kinds of debt facing young professionals these days. While many people entered into their degree programs expecting a lucrative career to make it all worthwhile, changes in the job market left many of them disillusioned, and forced to repay debts with less than expected coming in.

If you would like to do a masters, for example an MBA, to improve your job prospects or even teach you what you might need to know to start your own business, then you may be put off by the idea of racking up even more in student loans. However, with online MBA programs – provided they are from a leading university – now as credible as MBAs done on campus, you can get the advanced degree you want for far less money.

Why an Online MBA Degree Costs Less

As you might expect, there is still a cost involved in doing an AACSB online MBA, however the costs surrounding the degree are generally far smaller when you undertake it online. For one thing, you can do it from home with only a few trips to your university throughout the course, so you don’t have the expenses that come with living away from home for the duration of the program. Even if your university is close by, by studying at home you can save on commuting and other costs you might incur like childcare.

Continuing to Work

Another reason why studying for your MBA ,or any masters degree, on the internet instead of on site is a good idea, is that online degrees are not operated to such a tight schedule. You can work on your degree at your own pace, so it is entirely possible to study part time and continue to work. Certainly, if you go to college away from home you can get a part time job to help cover your expenses, but you are more likely to earn the kind of wage you need if you keep your current job or take a job close to home where they won’t be expecting you to leave as soon as you graduate – opening up a better level of employment to you rather than student jobs.

Your Company May Cover Some of the Cost If Your Masters Will Benefit Them

If you do have a long term, full time job, another reason why you might consider sticking with it and doing your MBA at home instead of leaving or taking a sabbatical to go away and do it on campus is that your company may have means in place to help with the cost and give you time off for exams and preparation. If your masters will help you rise in the company and give them the benefit of your new skills, they may well see this as a good investment, so it is worth asking.

Online degrees save you money in so many ways, so if you are putting off your masters because of fear of debt or losing your income, then this could be a great solution.

Times When You Shouldn’t Make Any Financial Decisions

Last Friday was an honest-to-God awful day for me. It started with a totally unnecessarily long wait at the local women’s hospital for one of my pregnancy bloodwork tests which caused me to be late for work, annoying enough when your day is scheduled with booked patients. Me being 30 minutes late doesn’t affect just me, it can affect my entire patient load for the day so it’s a huge annoyance. I did manage to park in the parkade by work for free though (normally a cost of $18 for the day) thanks to a pass given by another employee. Just as my day was turning around, it went even worse. As I was pulling into the underground parkade, another dumb driver wasn’t paying attention and almost went ‘’out’’ the ‘’in’’ causing me to swerve (my car is basically in park that’s how slow I was moving) but I was forced to move the wheels enough that my mirror hit the card pass meter and break off the whole back-end of my mirror. To make matters worse, before I even realized what happened, he had left the parkade.

My day just kept going like that. Patients not showing up. One who did show up had to be cut short because she was clearly under the influence of something, construction not allowing me to leave after work…you get my drift. Bad. Day.

I’m pretty good at not letting things get to me. I’m good at finding positives and moving on but I couldn’t concentrate at work and quite honestly for the first time in a long time wanted to leave work and get away from basically all of humanity. I was in a serious funk.

On my drive home I felt something I hadn’t felt in a long time. The feeling of not caring. Not giving a crap and acting on my impulses. This leads me to my first point of when you should never make a financial decision.

During an Emotional High or Low

As I was driving home I was thinking about my sister-in-law’s upcoming wedding and things that need to be done. The night before I had done a quick search about finding maternity pantyhose for my dress. I wasn’t surprised to find out the cheapest I could buy locally were $17 plus tax, per pair. A cost I couldn’t justify when I’ll wear them literally one day and normal pantyhose can be purchased at basically any drug store for like $5.00. I was annoyed at the cost but accepted no one would care if my pale bare legs were on display.

However on my drive home I had a ‘’screw it’’ moment. I actually changed lanes and almost drove to the mall to spend the cash on the pantyhose. Not because I now wanted them or had changed my mind but because part of me wanted to satisfy that ‘’I don’t care anymore’’ feeling. I had one full red light to realize I was just being irrational and opted to buy a $2.00 ice cream instead, still an emotional purchase but less damaging.

When you’re going through an emotional high or low, anything from a simple bad day to an exciting new marriage, do not make any immediate financial decisions. Some decisions may be permanent and much more damaging than an ice cream. Take time to sort through all emotion before deciding anything.

When Money Is New

Some of you will be fortunate enough to come into a sum of money. Gifts, inheritances, whatever. If you do, even if you have thought and dreamt about what you’d do with it- wait. Give yourself some time to really think about things and get advice. Talk to trustworthy friends, family and ideally professionals about how to best execute your plan. If we came into money my quick response would be ‘pay off debt’ but upon talking to someone else they may point out reasons why investing might be a better option. Get good advice, then decide.

When You’re Distracted

There are many, many distractions in life. Everything from technology, to our jobs, to family, if you don’t have time set aside time to think about your financial decision, wait until you do. It’s only fair to you and your money that you make all decisions with a clear mind and away from all other noise.

Money can be a stressful thought, even a good kind of stress, and I think some people are quick to make decisions so they no longer have to think about it but there are definitely times when taking a pause is always a good idea.

Have you ever experienced a regret in a financial decision because of one of these reasons?

Pros and Cons of Buying vs. Renting a Home

new-home-1540889_640The pros and cons of buying versus renting your home are not as straightforward as some lists of these would have you think. A cold and logical examination of financial numbers doesn’t give the whole picture: many of the pros and cons are found in the emotional component of choosing your home. Here we examine some of the most common deal-breakers in the choice of buying vs renting.

Investing for the long term

You’re building equity in a home by paying into a mortgage; rental payments go to your landlord and in return you receive only a roof over your head for a month, and maybe utilities. The assumption here is that the value of your house will increase over time and it usually does, even with fluctuations in the housing market along the way. Some experts say that paying a mortgage (the principal part of it, not the interest) is like saving money monthly.

Rent is less/more than a mortgage payment

The down payment on a home is usually significantly more than the first month and last month rent and damage deposit required when renting. However, the amount of your particular monthly payment is neither a pro nor a con. Some rents may be more than a mortgage payment, depending on the amortization period of the mortgage, the down payment and the cost of the property. Calculate how much you can afford to spend on housing each month, regardless of whether you buy or rent. The big difference, though, is that once the mortgage is paid off, you’ll have no more monthly payments.

Regular monthly costs

Whether you rent or buy, you have to pay utilities, cable, phone, power, water and any other living expenses, every month. Renters may have these included in their monthly rent payments but home owners pay them separately to the individual service providers. If you’ve bought a condo, factor in the condo fees that cover the maintenance of shard spaces. A realtor who specializes in condos, such as Fort York Condos, can explain these expenses to you.

 Maintenance – dollars and hours

If something goes wrong in your rental property, it takes less than a minute to pick up the phone and call the landlord to come and fix it – and you don’t have to pay. Home owners have the headache of being responsible for all the maintenance to their property – from identifying the problem, finding someone to fix it and arranging to be there when they come, or buying the parts and fixing it themselves. If you’re OK with the upkeep hassle, then buying may be for you.

 Your space – your rules

If you have a burning desire to physically shape your own space, then buying a home is the solution for you.  Want to paint your walls the latest Pantone color of the year? Or even knock one or two of them down? Perhaps completely remodel the kitchen so that your partner can have the industrial layout to cook gourmet meals? Even the most liberal of landlords will draw the line at “improvements” to a rental property that can’t be easily – and cheaply – undone.

Furry friends

If you have pets that are larger than a hamster or a guinea pig, or are not generally socially acceptable – say a snake, then renting may not even be an option. Apartments and condos usually have the strictest rules, and the highest damage deposits if pets are allowed.

On the road again?

Experts recommend not to buy a house unless you’re planning on staying in the same place for the next five years. If there’s any chance that your job will take you elsewhere or you’ll give it all up and travel, then renting is the best option until you’re ready to settle down. With renting, you can usually give a month’s notice and leave. Selling your house takes a little longer and the price you receive for it depends on the state of the housing market at the time.

To rent or buy?

The answer is really “it depends” on your circumstances, needs and dreams. Both options have pros and cons, and we haven’t even touched on the kinds of properties you can buy or rent. For info on that, check out the website of a reliable realtor, such as that of Liberty Village Condos.

There are Financial Lessons at Every Stage of Life

pid life insuranceFinancial management is not an academic subject. Some learn it the hard way, others not at all. The recession caught out even the experts and looking at domestic finance statistics in American Society there are many concerns. Good parents may have taught their children about the value of money, perhaps asking them to do a small chore in exchange for their allowance or encouraging them to set a little aside each week towards something they want to buy? Such lessons can put them in good stead for college and their careers and carrying forward an appreciation of the value of money is likely to help them be part of the minority whose financial affairs are in good shape.

Unfortunately even for financially astute parents life is not all plain sailing. As they advance in years their parental responsibilities may reduce. They should because children reaching adulthood have time on their side. Student loans are readily available and parents should think twice before they stretch their personal finances to help out because their own needs in retirement must be their priority. The recession hit many well thought out financial plans and it is sometimes difficult to make up for losses in limited time. There is increased nervousness among those in late middle age, about to retire or already retired that they might run out of money as life expectancy is increasing.

It is never easy to adapt to a lifestyle that is restrictive after years of being able to pay all your bills and enjoy yourself. Some will have little choice and may now be regretting that they did not do more for themselves before retiring. There are several regrets and if parents still have something to teach their now grown children it is not to make some of the typical mistakes they have made.

We haven’t done enough!

A recent survey by BMO Harris Financial suggests that 75% of retired people wish they had done more. It takes more than cutting back on dollar and cent spending each day to make a significant difference. What you really need to achieve is something like $10,000 extra saving which represents spending that much less each year.

  • How many times do you eat out each month? You should include takeaway food delivered to your door and a coffee on the way to work. It is easy to spend $100 for dinner for two. If you dine out regularly then saving a couple of hundred dollars a month is entirely feasible. You’ve made 25% of what you need overnight. It is not really a sacrifice and using your kitchen more can be fun.
  • You should take your time over buying your new auto and think hard about how frequently you really need to change it. If you decide on a specific model you should make sure you get the best possible price. There are members only discount clubs whose buying power is such that you should be able to save a few hundred dollars on your new auto and on many other purchases. The annual fee is insignificant compared to what you may save.
  • Everyone has a smart phone these days. Your children should be perfectly capable of paying their own way and there are plenty of comparison websites that will guide you towards the best deals in the market place.
  • It is easy to find an insurance provider and simply agree to the renewal when it comes in. You should compare like with like each time but once again comparative websites do much of the groundwork for you to regularly check whether you are getting best value.

Credit Cards

The money that these actions can save you should be put directly into your retirement plans whatever your age. However there are actions that you can take if you have allowed yourself to build up debt, especially credit card debt. The figures are disturbing. The average debt per credit card is over $5,000. However the average debt of those who are not settling their statement at the end of each month is over three times that. It is likely that you will be paying over 16% interest each month on your balance. That is sheer waste and if you are only paying the minimum the credit card company require each month you will hardly reduce that balance.  If you pay off your balance with nation 21 fast loan you will have to factor your monthly installment into your budget but at the end of the term typically 3 years your debt will be gone and that will release more money for your retirement.

Join a Plan

It goes without saying that you should be taking advantage of any retirement plans that are being run by your employer. The 401(k) not only has tax advantages but employers will match your contribution up to a certain level and that is effectively ‘free money.’ As you get older you are allowed to add more ‘tax free’ and if you are not certain about the detail then ask.

You simply cannot afford to rely on the Social Security System which was never designed to be more than a support to retirement. Its future is under threat with estimates suggesting that benefits will reduce by 25% by 2030 without a significant injection of funds. You need to act if your provisions for retirement are poor and also give another piece of advice to the children; get started, even in a small way and their future will be much more secure.

How to Successfully Buy a Used Car

How to Successfully Buy a Used Car

I have never bought a brand new car nor have I ever taken a loan out on a car. I have always bought used vehicles from private sellers. There is an art to this though. While I’ve had great experiences with both cars I’ve purchased this way, not everyone has had luck with buying used cars or purchasing vehicles from private sellers.

Purchasing from a private seller can be a bit unnerving, just like buying a used car instead of a brand new car can be a bit worrisome. However, you don’t have to worry about buying a used car from a private seller if you keep these simple tips in mind:

  1. It helps if you know the seller beforehand. The first car that I bought from a private seller was a car I purchased from a family friend. We weren’t very close but I knew her enough to know that she wouldn’t sell me a lemon. She was up front with the problems that the car had. It needed new tires, new brakes and rotors and the trunk didn’t always open. I purchased the car for $1,000 and had the car for four more years.
  2. Have the car checked by your mechanic. If you have a trusted mechanic, you should get the car checked by YOUR mechanic before you make the purchase. Ask the seller if you can take the car on a test drive, drive the vehicle to your mechanic and have them do a quick look. Even if the private seller says that they just had the car looked at, you should have it checked by someone you know and trust.
  3. Check the Kelly Blue Book price. This is important when you are purchasing any car. Check the KBB listing for the car. You can look up the year, make and model, factor in mileage and other damage to get the suggested selling price of the car. You want to pay at or below the KBB price. You can use this information to haggle with the seller. KBB also offers reviews of the car from consumers so you can get a good idea of how the car will run.
  4. Be knowledgeable about the vehicle. Do your research and make sure you know what you need to know about the car prior to arriving to see it/buy it. Have a list of questions ready for the seller about the car. If you are not sure if you will be able to come up with a good list of questions yourself or know the right questions to ask, bring someone along who can help you become more knowledgeable about the vehicle.
  5. Don’t be pressured into buying. Many private sellers as well as dealers on car lots will try and pressure you into buying a vehicle. Private sellers will oftentimes tell you that there is more than one person interested in the vehicle and that you’ll have to make a decision quickly in order to still get the car. Don’t be pressured or threatened by these statements. Tell them that you are going to continue to think about it and shop around.

Have you purchased a used car from a private seller? Did you have any luck? 

Photo: Flickr: refreshment_66

How Amateur Investors Can Become Great Money Managers

Invest Without a lot of MoneyFor the investors who are just starting out in the investment world, the process can be quite intimidating and you might think – if the pros can’t beat the market, how can a small-time investor like you have any hope?

Most of the competition out there could probably wipe you out on a daily basis, however if you learn to play up your strength and consider these investing ideas, there’s a fairly good chance you can keep up.

These investing ideas may prove profitable to some fortunate investors however keep in mind that some techniques may be contradictory – you just have to find out what works best for you. This is just a guideline to get you started.

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